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Home Equity Lines of Credit Gaps in Coverage & Exemptions from Regulations

February 22, 2023

Consumers with HELOCs have substantially fewer and weaker protections than homeowners with other types of mortgages: The federal Flood Disaster Protection Act does not require servicers to escrow for flood insurance for HELOCs. The Electronic Funds Transfer Act does not apply to HELOCs. The minimum number of loans a lender must originate before becoming subject…

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The LIBOR is Ending: What Consumers Should Know

May 27, 2022

This brief describes the issues facing consumers and industry as well as recent legislative and regulatory changes adopted to prepare for the end of the LIBOR.

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Homeowner Assistance Fund: Overview and FAQs

May 1, 2022

As part of the American Rescue Plan, Congress created the HAF, which provides $9.9 billion to the U.S. Department of the Treasury to give out to states, territories, and tribes to help homeowners experiencing hardships during the COVID-19 pandemic. The funds must be used by September 30, 2025

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Fighting Zombie Second Mortgages: Helping Borrowers Whose Second Mortgages Have Been Dormant for Years and Are Now Coming to Life to Feed on the Equity in Their Homes

April 1, 2022

During the Great Recession, borrowers who had entered into second mortgages with predatory terms, such as interest rates that adjusted upward after only a few months, often found themselves unable to make the payments. Because housing values had dropped so much, and foreclosure on a second mortgage results in payment to the lender only if…

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Ensuring Access to Sustainable Homeownership: 2022 Priorities

March 1, 2022

As the effects of the COVID-19 economic crisis continue, foreclosure prevention and accessible lending are key housing priorities for 2022. Mortgage market data demonstrate the need for stronger policies.

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HUD Should Provide Additional COVID Loss Mitigation Options for HECM Borrowers

August 5, 2021

COVID Relief: Forward Mortgages vs. Reverse Mortgages (HECMs)

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Search Results

Home Equity Lines of Credit Gaps in Coverage & Exemptions from Regulations

The LIBOR is Ending: What Consumers Should Know

Homeowner Assistance Fund: Overview and FAQs

Fighting Zombie Second Mortgages: Helping Borrowers Whose Second Mortgages Have Been Dormant for Years and Are Now Coming to Life to Feed on the Equity in Their Homes

Ensuring Access to Sustainable Homeownership: 2022 Priorities

HUD Should Provide Additional COVID Loss Mitigation Options for HECM Borrowers